Use the following financial statements and additional information 25 points ECO BUILD INCORPORATED Comparative Balance Sheets bune 30, 2019 and 2018 2019 2018 eBook Ask $ 113,700 70,000 71,000 4,888 259,500 144,000 (36,880) $ 367,580 $ 75,080 55, eee 98,000 6, 234,000 133,888 (12,980) $ 355, eee Print Assets cash Accounts receivable, net Inventory Prepaid expenses Total current assets Equipment Accumulated depreciation-Equipment Total assets Liabilities and Equity Accounts payable Wages payable Income taxes payable Total current liabilities Notes payable (long term) Total liabilities Equity Common stock, $5 par value Retained earnings Total liabilities and equity References $ 34,000 6,000 4,500 44,588 45, eee 89,500 $ 42, e88 16,00 5, eee 63,800 90.eve 153, see 150, eee 42.ee 220.000 58.800 $367.500 $ 355,00 ECO BUILD INCORPORATED Income Statement For Year Ended June 30, 2019 Sales Cost of goods sold Gross profit Operating expenses Depreciation expense $ 65,000 Other expenses 73,000 Total operating expenses $ 757,000 463,000 294,000 $ 138,000 156,000 Other gains (losses) Gain on sale of equipment Income before taxes Income taxes expense 2,700 158,700 48,580 $ 110,120 Net income View transaction list Journal entry worksheet